An OTP will be sent to the mobile number linked with Aadhar and account will be opened.

You can only open this account if you are residing in cities where RBL bank has branches. Also, you donot hold any existing saving or fixed deposit with RBL Bank

Restrictions

The maximum amount you can keep in this account at any given point of time is Rs. 1 Lakh.

You can credit a maximum of Rs. 2 Lakhs in this account and post which you will need to convert to Full KYC account.

The validity of this account will be 1 year, within which you will need to convert this account to a Full KYC Account.

How to convert to Full KYC

Full KYC requires in-person verification and your account will be converted to Full KYC within minutes. You need to visit a RBL branch and submit the KYC document and signature and the account will be full KYC without any restrictions.

If the full KYC is not done within 1 year, the account will be closed.